Treasury Secretary Henry Paulson Friday said the U.S. continues to have a strong dollar policy and the value of the dollar will ultimately reflect strong U.S. economic fundamentals.
"We have very much a strong dollar policy; that's in our nation's interests," he said in a South African radio interview. "Our economy, like any other, has its ups and downs and its long-term strength will be reflected in our currency markets."
Mr. Paulson's comments echo those he made on Thursday and those of President Bush earlier in the week.
What is it with continually stating "we have a strong dollar policy"? For God's sake, will someone show these people a chart of the dollar? Here Hank -- take a look at this chart from the St. Louis Fed:
Anyone see a pattern here? Bueller? Bueller?